Tuesday, May 24, 2011

HFF arranges refinancing for multi-housing community in Houston’s Galleria area

 HOUSTON, TX – HFF announced today that it has arranged refinancing for Tree Tops at Post Oak (top left photo), a 112-unit multi-housing community in Houston’s Galleria area.

Working exclusively on behalf of Venterra Realty, HFF placed the seven-year, 3.90 percent adjustable-rate loan with Freddie Mac (Federal Home Loan Mortgage Corporation).  HFF will service the loan through its Freddie Mac Program Plus® Seller/Servicer program.

Located at 4510 Briar Hollow Place inside the 610 Loop, Tree Tops at Post Oak is close to the Houston Galleria, Uptown Park and Highland Village.

 The property has two three-story buildings with one- and two-bedroom units averaging 741 square feet each.  Residents have access to a swimming pool and fitness center as well as reserved and covered parking.  Tree Tops at Post Oak is 95 percent leased.

The HFF team that represented Venterra Realty was led by director Cortney Cole (lower right photo).

Venterra specializes in the identification, finance, acquisition and management of multi-family residential communities in the southern United States.  Venterra currently manages a portfolio of multi-family real estate assets totaling over $600 million in value that generates gross annual income in excess of $80 million. 

The organization has completed in excess of $1.3 billion of real estate transactions.  Venterra has offices in both Houston and Toronto and employs over 350 people.

Cortney R. Cole, HFF Director,  (713) 852-3500, ccole@hfflp.com
 Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500

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